WTI Oil: New upside after the correction?

WTI oil remains in focus as traders watch global demand expectations, OPEC+ production decisions, and ongoing geopolitical risks. Any supply disruptions or stronger demand could continue supporting higher prices, while concerns about global economic growth may trigger another corrective move.

Technically, price is holding above the $80-82 support zone, maintaining a pattern of higher lows. After a strong rally, the market is consolidating, while CCI remains near overbought territory, suggesting a short-term pause before the next move. As long as support holds, I expect a rise toward $101, followed by $109, with a potential extension to $122. A break below $80 would invalidate the bullish scenario.